Blockchain Group Taps TOBAM for $342M Capital Raise to Boost Bitcoin Holdings
2025-07-04 04:34:13
Description
Blockchain Group, listed on Euronext Growth Paris, on Monday announced a $342m capital raise in partnership with asset manager TOBAM, aiming to expand its Bitcoin reserves and solidify its position as Europe’s first dedicated Bitcoin Treasury Company. The company will issue new shares through a structure similar to an “at-the-market” program, widely used in the US. TOBAM will subscribe to shares at the market price, with each tranche capped at 21% of the previous day’s trading volume. The offeri...
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